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West Red Lake Gold Mines Inc

www: www.westredlakegold.com   email: investors@westredlakegold.com
Category: Junior: Emerging Mid-tier Producer
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Symbol Data

Symbol Currency
CVE:WRLG CAD
OTCMKTS:WRLGF USD

Description

West Red Lake Gold Mines Inc are a gold focused junior, emerging mid-tier producer with one mine in development in Canada and three exploration properties. They have approximately 2.3Moz. of gold in the reserves and resources category of which 1.8Moz. are in the measured and indicated category. They have a market capitalisation of ~C$394.47M which is a rise of roughly 53% over the last four months. As of 05/14/2025 they have ~C$44M debt and ~C$22.53M cash. They have 373M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/06/2025
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $258.44M $394.47M 09/15/2025
MCap (OS): $171.55M $267.03M 09/15/2025
Total Assets: $78.24M $78.50M 05/06/2025
Total Liabilities: $45.64M $45.79M 05/06/2025
Current Assets: $22.46M $22.53M 05/06/2025
Current Liabilities: $8.69M $8.72M 05/06/2025
Total Debt: $34.77M $43.61M 05/14/2025
Cash: $22.46M $22.53M 05/06/2025
Debt (Net): $12.32M $21.08M
Enterprise Value: $270.75M $415.54M 03/03/1983
Cash Flow: $79.76M $69.22M never
Cash Flow Multiple: 3.24 5.70 never
Net Debt to
Cash Flow Ratio:		 0.15 0.30 never
Finance within 1 year: 05/06/2025
Misc 05/06/2025
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 343,170,072 373,000,000 09/15/2025
Shares (FD): 516,997,579 551,000,000 09/15/2025
Insider Ownership: n/a 30% 09/15/2025
Dividend (Annual): n/a n/a 09/15/2025
Company Type: Mostly Gold Mostly Gold never
Group: Developer Producer never
Production ETA: n/a 07/01/2025 05/06/2025
Production (Gold Eq Oz.): (guess) 
65,000		 (guess) 
50,000		 09/09/2025
Production (Silver Eq Oz.): (guess) 
6,665,806		 (guess) 
4,336,570		 09/09/2025
Development Phase: none Producer (Single Mine) 05/22/2025
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 25
Producer: Quality
 25
Producer: Quality
 03/24/2025
Cash Flow Multiple: 15 18 05/22/2025

Resource Data

GOLD 05/06/2025
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/06/2025
Measured & Indicated: 1.80M 1.80M 05/06/2025
Inferred: 0.50M 0.50M 05/06/2025
Reserves & Resources: 2.30M 2.30M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/06/2025
Measured & Indicated: 1.30M 1.30M 05/06/2025
Inferred: 0.23M 0.23M 05/06/2025
Reserves & Resources: 1.52M 1.52M never
C
U
R
R
E
N
T		 Annual Production: (guess) 
65,000oz.		 (guess) 
50,000oz.		 09/09/2025
Cash Cost: $1,400 $1,550 09/09/2025
Extra Operating Cost: $750 $750 09/09/2025
Total: $2,150 $2,300 09/09/2025
Margin (Free Cash Flow): $1,227 (36%) $1,384 (38%)
MCap / Production (AuEq): $3,975.98 $7,889.34
EV / Production (AuEq): $4,165.46 $8,310.89
G
R
A
D
E		 Underground (Avg): 6.00 g/t 5.50 g/t 05/22/2025
Open Pit (Avg): n/a n/a 05/13/2023
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/15/2025
F
U
T
U
R
E		 Proven & Probable: 2.50M 2.50M 05/06/2025
Annual Production: 125,000oz. 150,000oz. 09/09/2025
Cash Cost: $1,500 $1,800 09/09/2025
Extra Operating Cost: $750 $750 05/06/2025
SILVER 05/06/2025
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/06/2025
Measured & Indicated: n/a n/a 05/06/2025
Inferred: n/a n/a 05/06/2025
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/06/2025
Measured & Indicated: n/a n/a 05/06/2025
Inferred: n/a n/a 05/06/2025
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 05/06/2025
Extra Operating Cost: n/a n/a 05/06/2025
Total: n/a n/a 05/06/2025
Margin (Free Cash Flow): n/a
MCap / Production (AgEq): $38.77 $90.96
EV / Production (AgEq): $40.62 $95.82
G
R
A
D
E		 Underground (Avg): n/a n/a 05/06/2025
Open Pit (Avg): n/a n/a 05/13/2023
Recovery Rate: n/a n/a 05/06/2025
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/06/2025
Annual Production: n/a n/a 05/06/2025
Cash Cost: n/a n/a 05/06/2025
Extra Operating Cost: n/a n/a 05/06/2025

Property

Last Analysis Data  (05/06/2025)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Dev Madsen
100 show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.

Size: 4,700 ha
Exp Mount Jamie
100 show
Early exploration

Size: 0 ha
Exp Red Summit
100 show
Early exploration

Size: 0 ha
Exp Rowan
100 show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.

Size: 3,100 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Dev Madsen
100 show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.

Size: 4,700 ha
Exp Mount Jamie
100 show
Early exploration

Size: 0 ha
Exp Red Summit
100 show
Early exploration

Size: 0 ha
Exp Rowan
100 show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.

Size: 3,100 ha

Profitability (by resource)

Proven &
Probable		 05/06/2025
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
EV / Gold Eq.: n/a n/a n/a
EV / Silver Eq.: n/a n/a n/a
EV / Per Metal
as % Spot Price:		 n/a n/a n/a
Measured &
Indicated		 05/06/2025
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 1.80M 1.80M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.30M 1.30M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $1,590.19M $1,794.12M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $1,590.19M $1,794.12M n/a
Max Profit / Current MCap: 6.153 4.548 n/a
Max Profit Per Share (Gold): $3.08 $3.26 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $3.08 $3.26 n/a
Total Free Profit Per Share: $2.39 $2.27 n/a
FD MCap / Gold Eq.: $199.41 $304.37 n/a
FD MCap / Silver Eq.: $1.94 $3.51 n/a
FD MCap / Per Metal
as % Spot Price:		 5.91% 8.26% n/a
EV / Gold Eq.: $208.92 $320.64 n/a
EV / Silver Eq.: $2.04 $3.70 n/a
EV / Per Metal
as % Spot Price:		 6.19% 8.70% n/a

Reserves &
Resources		 05/06/2025
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 2.30M 2.30M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.52M 1.52M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $1,866.27M $2,105.60M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $1,866.27M $2,105.60M n/a
Max Profit / Current MCap: 7.221 5.338 n/a
Max Profit Per Share (Gold): $3.61 $3.82 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $3.61 $3.82 n/a
Total Free Profit Per Share: $2.92 $2.84 n/a
FD MCap / Gold Eq.: $169.91 $259.35 n/a
FD MCap / Silver Eq.: $1.66 $2.99 n/a
FD MCap / Per Metal
as % Spot Price:		 5.03% 7.04% n/a
EV / Gold Eq.: $178.01 $273.20 n/a
EV / Silver Eq.: $1.74 $3.15 n/a
EV / Per Metal
as % Spot Price:		 5.27% 7.42% n/a

Future Valuation (Cash Flow & Totals)

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